DraftKings

Polymarket will feature LeBron James in advertising campaigns and social media posts promoting football, citing published reporting for the deal terms. James is due to receive US$15 million a year; The report said his Philadelphia 76ers salary as US$4 million annually, also citing published reporting. The deal’s duration has not been disclosed, and James will not be an investor in Polymarket.

Also in this report: Polymarket · Philadelphia 76ers · USA

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Macquarie expects prediction market taker volume to reach $187bn in 2026. The report cited Kalshi’s 63% share of sports event contracts in September and Sensor Tower figures showing DraftKings secured a double-digit share of app downloads.

Also in this report: Kalshi · USA

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The report cited a Benzinga poll of 116 viewers on 5 October in which 17% expected prediction markets to displace DraftKings and Flutter. Respondents predicting sportsbook adaptation accounted for 28%, while 22% expected consolidation between the sectors and 32% considered a verdict premature.

Also in this report: Flutter · Kalshi · Polymarket · USA

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Bank of America raised its DraftKings rating from Neutral to Buy on 8 October. Analyst Shaun Kelley retained a $27 price target after shares fell 19% over a month. The bank said earnings expectations might be approaching a low and cited reduced cannibalisation risk from prediction markets.

Also in this report: Flutter · MGM Resorts · USA

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The NBA has issued sportsbook partners new guidance restricting certain bet types, including same-player parlays. The outlet said it confirmed the guidance with the league, DraftKings and FanDuel after ESPN’s initial report.

Also in this report: FanDuel · USA

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Louisiana’s LGCB conditionally extended DraftKings through 19 February, scheduling its renewal hearing for 18 February. DraftKings denies using AI to target losing bettors; the board made no wrongdoing finding. Conditions require a senior contact within seven days and, within 30 days, suitability filings or institutional-investor petitions, responses on AI, prediction markets and digital offerings, and responsible-gambling certification.

Also in this report: USA · Louisiana Gaming Control Board

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Nevada Gaming Control Board chairman Mike Dreitzer and Indian Gaming Association executive director Jason Giles questioned prediction-market companies’ claims that their sports-event contracts are innovative. Dreitzer said companies must obtain a Nevada licence and argued that allowing 18-, 19- and 20-year-olds to wager in states where it violates penal codes is not innovation. Attorney Scott Crowell said the Indian Gaming Regulatory Act governs activity on Indian lands; Alabama-Quassarte Chief Samuel Marshall Jr. denied a partnership announced on October 7.

Also in this report: Kalshi · FanDuel · USA · NGCB

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Nevada Gaming Control Board Chairman Mike Dreitzer said on a podcast that prediction market operators such as Kalshi are running illegal sportsbooks, and that Nevada has no fallback plan if the Supreme Court sides with them. He urged tribes and licensees to hold firm, even though several tribes have partnered with Kalshi this month. The comments followed a CFTC interim rule of 9 October excluding casino-style gambling products from the definition of a swap, alongside a proposed rule covering event contracts.

Also in this report: Kalshi · MGM Resorts · Caesars Entertainment · FanDuel

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DraftKings has hired a new counsel focused on gaming regulation. The outlet included the appointment in its weekly coverage of personnel changes among North American gambling operators.

Also in this report: USA

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The Seminole Tribe sued DraftKings and its CEO Jason Robins in state court on Thursday. The lawsuit alleges that DraftKings operated an illegal sports betting business in Florida.

Also in this report: USA

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A retired South Carolina attorney filed a complaint against Polymarket and DraftKings Predictions. The claimant alleged that they offered unauthorised games of chance in breach of local gambling laws.

Also in this report: Polymarket · USA

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A California resident sued DraftKings over its prediction products. The Massachusetts-filed complaint alleges the products are sports betting presented as event-contract trading, following their integration into DraftKings’ main app.

Also in this report: USA

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The report said that a California resident filed a Massachusetts lawsuit alleging DraftKings Predictions offers illegal gambling. The complaint challenges sports event contracts within the company’s recently integrated app.

Also in this report: USA

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